Please do not use excel, show the steps and work in typing

Common stock outstanding = 1,000,000 shares

employee stock options = option to purchase 100,000 shares at $20; average market price = $40

Preferred stock = 500,000 shares

Convertible bonds = $4,000,000, 7% convertible to 200,000 shares

Net income = $3,000,000

Preferred dividends = $20,000

Tax rate = 40%

13. What is the basic earnings per share?

14-16. Assuming convertible bonds outstanding only, (and no options) what is the diluted earnings per share?

17-19. Assuming options only (and no convertible bonds) what is diluted earnings per share?